 | Company: Dubai National Insurance & Reinsurance |
| Date of creation: 1991 |
| Classes of business: Life and non life insurance |
| Geographical presence: 1 office in Abu Dhabi & 1 branch in Beirut, Lebanon |
Dubai National Insurance & Reinsurance: contact
| Head office | Dubai National Insurance Building, Floor 7 & 9 and Ground Floor, Opposite to Deira City Centre, Port Saeed, Deira, Dubai, P.O. Box: 1806, United Arab Emirates |
| Phone | +971 4 5969 666 |
| E-mail | info [at] dni [dot] ae |
| Website | https://www.dni.ae/ |
Dubai National Insurance & Reinsurance: rating
| Agency | Rating | Outlook |
| AM Best | B++ | Positive |
Dubai National Insurance & Reinsurance: management
| Chairman of the board of directors | Khalaf Ahmad Al Habtoor |
| CEO | Abdulla Al Nuaimi |
Dubai National Insurance & Reinsurance: share capital, shareholder’s equity and shareholding
Figures in USD| | 2021 | 2020 | ▲ |
| Share capital | 31 441 000 | 31 441 000 | - |
| Shareholder’s equity | 184 916 000 | 137 985 000 | 34.01% |
| Main shareholders | % |
| Al Habtoor Investments | 28.27 |
| Hamda Awadh Mohamed Alsh Mejran Sultan | 10.22 |
| Khalaf Ahmed Al Habtoor | 26.03 |
| Sultan Ahmed Al Habtoor Group | 7.08 |
Dubai National Insurance & Reinsurance: turnover and result
Figures in USD
| | 2021 | 2020 | ▲ |
| Turnover | 82 003 000 | 86 368 000 | -5.05% |
| Net result | 15 354 000 | 14 992 000 | 2.42% |
Dubai National Insurance & Reinsurance: turnover breakdown per class of business
Figures in USD| | 2021 | 2020 | ▲ | 2021% |
| Non life | 81 257 000 | 85 551 000 | -5.02% | 99.09% |
| Life | 746 000 | 817 000 | -8.69% | 0.91% |
| Total | 82 003 000 | 86 368 000 | -5.05% | 100% |
Dubai National Insurance & Reinsurance: main indicators
Figures in %| | 2021 | 2020 | ▲ |
| Net loss ratio (1) | 36.24 | 37.04 | -2.16 |
| Net management expenses ratio (1) | 53.22 | 63.45 | -16.13 |
| Net combined ratio (1) | 89.46 | 100.49 | -10.98 |
| Shareholder's equity / Technical reserves | 171.33 | 119.54 | 43.32 |
| Shareholder's equity / Gross written premiums | 225.5 | 159.76 | 41.15 |
| Net result / Gross written premiums | 18.72 | 17.36 | 7.83 |
| Net result / Shareholder's equity (ROE) | 8.3 | 10.86 | -23.57 |
(1) Calculated only for the non life activity
Notes:
- Loss ratio = Net incurred losses (paid losses+outstanding losses ) / Net earned premiums
- Net management expenses ratio = Overhead expenses and acquisition costs / Net written premiums
- Net combined ratio = Loss ratio + Management expenses ratio
Exchange rate as at 31/12/2020 : 1 AED = 0.27222 USD ; at 31/12/2021 : 1 AED = 0.27222 USD
